New York State Passes Legislation to Reform the Brownfield Cleanup Act of 2003 – Part I.

| November 14, 2008

On July 23, 2008, Governor David Paterson signed Brownfield Reform Legislation to amend New York State’s taxation and environmental conservation laws. These amendments seek to remedy previous problems with the State’s law concerning the redevelopment tax credits allowed under the program, and to create oversight programs to monitor the program where none existed before.